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HP Company has equipment that was purchased for (historical cost) $15,200 and the salvage value is $1800 and the accumulated depreciation today is $12,000 Prepare

HP Company has equipment that was purchased for (historical cost) $15,200 and the salvage value is $1800 and the accumulated depreciation today is $12,000 Prepare journal entries to record the following cases. HP sells equipment for $1800 cash. b- HP sells equipment for $3700 on credit. C- HP retires its equipment (It was dumped in the garbage)

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